A Sentiment-Enhanced Corruption Perception Index /

Direct measurement of corruption is difficult due to its hidden nature, and measuring the perceptions of corruption via survey-based methods is often used as an alternative. This paper constructs a new non-survey based perceptions index for 111 countries by applying sentiment analysis to Financial T...

Täydet tiedot

Bibliografiset tiedot
Päätekijä: Cao, Yongquan
Muut tekijät: Fan, Yingjie, Hlatshwayo, Sandile, Petrescu, Monica
Aineistotyyppi: Aikakauslehti
Kieli:English
Julkaistu: Washington, D.C. : International Monetary Fund, 2021.
Sarja:IMF Working Papers; Working Paper ; No. 2021/192
Aiheet:
Linkit:Full text available on IMF
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100 1 |a Cao, Yongquan. 
245 1 0 |a A Sentiment-Enhanced Corruption Perception Index /  |c Yongquan Cao, Yingjie Fan, Sandile Hlatshwayo, Monica Petrescu. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2021. 
300 |a 1 online resource (27 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a Direct measurement of corruption is difficult due to its hidden nature, and measuring the perceptions of corruption via survey-based methods is often used as an alternative. This paper constructs a new non-survey based perceptions index for 111 countries by applying sentiment analysis to Financial Times articles over 2005-18. This sentiment-enhanced corruption perception index (SECPI) captures not only the frequncy of corruption related articles, but also the articles' sentiment towards corruption. This index, while correlated with existing corruption perception indexes, offers some distinct advantages, including heightened sensitivity to current events (e.g., corruption investigations and elections), availability at a higher frequency, and lower costs to update. The SECPI is negatively correlated with business environment and institutional quality. Increases in the perceived incidence or scope of corruption influences economic agents' behaviors, and thus economic dynamics. We found that when the SECPI is at least one standard deviation above the mean, the growth per capita falls by 0.65 percentage point on average, with more pronounced impacts for emerging market and low income countries. 
538 |a Mode of access: Internet 
650 7 |a Administrative Processes in Public Organizations  |2 imf 
650 7 |a Bureaucracy  |2 imf 
650 7 |a Classification Methods  |2 imf 
650 7 |a Corruption  |2 imf 
650 7 |a Institutions and the Macroeconomy  |2 imf 
700 1 |a Fan, Yingjie. 
700 1 |a Hlatshwayo, Sandile. 
700 1 |a Petrescu, Monica. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2021/192 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2021/192/001.2021.issue-192-en.xml  |z IMF e-Library